merger

AT&T drops its T-Mobile merger deal

AT&T drops its T-Mobile merger deal

The AT&T and T-Mobile merger deal is officially dead. After months of seeking FCC approval and facing several road blocks, including a lawsuit from the DOJ, AT&T has finally succumbed to defeat and issued a statement today announcing that it is dropping its proposed bid to takeover T-Mobile for $39 billion.

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AT&T & T-Mobile mulling joint venture if acquisition deal falls apart

AT&T & T-Mobile mulling joint venture if acquisition deal falls apart

Judging from all the rumors, it seems like that AT&T is looking at all of its remaining options in light of its withdrawn attempt to acquire T-Mobile USA from parent company Deutsche Telekom AG. Wall Street Journal gives us the latest possible scenario, which is the possibility of AT&T and Deutsche Telekom teaming up together for a joint venture should the acquisition deal ultimately fall apart. And this would be apparently be a partnership that would entail the two telecom giants pooling their infrastructure together.

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AT&T considers bigger asset sale to save T-Mobile deal

AT&T considers bigger asset sale to save T-Mobile deal

AT&T's bid to purchase T-Mobile for $39 billion has collapsed following reports that the FCC was requesting an administrative hearing regarding the deal. In a pre-emptive move, AT&T withdrew its T-Mobile proposal from the FCC and added the $4 billion breakup charge to its Q4 2011 finances. However, a source from Bloomberg is now claiming that AT&T may be considering one last plea of offering to sell more assets to save the T-Mobile deal.

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Kobo bought by Japan’s Rakuten for $315 million

Kobo bought by Japan’s Rakuten for $315 million

The Kobo e-reader, which currently competes with Amazon's Kindle and the Barnes & Noble Nook, may be getting a boost soon with new backing from Japan's version of Amazon, a large e-commerce operator called Rakuten. The Japanese company is purchasing Kobo for $315 million and intends to rapidly grow its user base around the world.

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AT&T delays closing date for T-Mobile acquisition

AT&T delays closing date for T-Mobile acquisition

AT&T's bid to purchase T-Mobile for $39 billion has been facing plenty of regulatory anti-trust scrutiny and now the target closing date for the acquisition has been pushed further back. Originally expected to complete by the first quarter of 2012, the merger is now estimated to complete sometime in the first half of next year, adding another 3 months to the time table.

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